Uber leases about 2 lakh sq ft office space in Bengaluru

Uber has leased about 2 lakh square feet of office space in Bengaluru to set up its biggest hub in the country. The facility will help the ride-hailing app expand its product and engineering centre in the city to customize solutions for the local market, according to people familiar with the matter.

The engineering centre was set up earlier this year. India has become Uber’s largest market outside the United States, accounting for 12% of all Uber trips globally . It now operates in 30 cities and completes about 5.5 million passenger car trips per week in India. It started operations here in 2013. Uber will pay Rs 52 per sqft, sources said, which will equate to an annual rent of about Rs 12.5 crore. Uber, which will have the option to expand its leased area to 3 lakh sqft, did not respond to requests for comment when contacted by media.

Uber, the world’s most highly valued startup, at about $70 billion, has leased the space in RGA Tech Park on Sarjapur main road. That area on the Outer Ring Road has become a hub for multinational companies such as Cisco, LinkedIn, JP Morgan, Mylan and Accenture in the past few years, leading to a dearth of Grade A office space and consequent rise in rentals.

The Uber centre will have the capacity to employ about 2,000 people, though it was not immediately clear whether all employees would be part of the engineering team. Uber has 800 employees in India with 100 in Bengaluru and 350-400 in Hyderabad, which houses its support facility for riders and drivers, the company’s India head Amit Jain said last month. The Hyderabad facility is 150,000 sq ft.

Credits Times of India

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